Fed cuts interest rates for second time this year amid economic uncertainty

The GuardianWednesday, October 29, 2025 at 7:32:06 PM
Fed cuts interest rates for second time this year amid economic uncertainty
The US Federal Reserve has cut interest rates for the second time this year, lowering them to a range of 3.75% to 4%. This decision comes amid significant economic uncertainty caused by the federal government shutdown and tariffs imposed by Donald Trump. The rate cut aims to provide some relief and stimulate economic activity during these turbulent times, highlighting the Fed's response to ongoing pressures in the economy.
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